36,972 Shares in ATI Inc. $ATI Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in ATI Inc. (NYSE:ATI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,972 shares of the basic materials company’s stock, valued at approximately $3,007,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of ATI during the second quarter worth $146,726,000. BNP Paribas Financial Markets increased its stake in ATI by 552.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Holocene Advisors LP acquired a new stake in ATI during the 2nd quarter worth about $52,217,000. Saraza Management LP purchased a new stake in ATI during the second quarter valued at about $26,334,000. Finally, Bank of Nova Scotia purchased a new stake in ATI during the second quarter valued at about $20,569,000.

ATI Trading Up 0.6%

Shares of NYSE:ATI opened at $139.60 on Friday. The firm has a fifty day moving average of $119.57 and a two-hundred day moving average of $97.05. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $144.50. The firm has a market capitalization of $18.97 billion, a P/E ratio of 49.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the transaction, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, valued at $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 137,544 shares of company stock valued at $14,102,044 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATI shares. Alembic Global Advisors initiated coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target on the stock. Susquehanna set a $155.00 target price on shares of ATI in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, BTIG Research upped their price target on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $133.00.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.